Goldman Sachs and Deutsche Bank unveil election investment tools
According to the article, Goldman Sachs and Deutsche Bank have launched investment tools to bet on the upcoming French presidential election results. These tools enable investors to hedge against risks and trade on various political scenarios through French bonds, including high-risk banking debt such as AT1 bonds. This move comes amid increasing concern over political and financial risks in France ahead of the scheduled April elections, amidst a budget deficit exceeding 5%, rising debt service costs, weak economic growth, and an economy approaching recession.
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